| HOW
IT STARTED The Asset Management Program
(AMP) was born in the summer of 2006 in Proforma's
facilities and it started to get under way (real
trading) in October of that very same year.
Proforma used proprietary capital on a total sum
of $100,000 to serve as starting base for the
Program, and that first experience constituted
the initial track record. The company was the
first investor of the AMP
ABOUT THE AMP
Vision & Mission
Proforma's AMP vision is to open the Foreign Exchange
Market (Forex) to anyone willing to participate
in it using a third-party money management approach.
Proforma will conduct trading in the Forex Market
using all the resources and means available at
any given time, focusing on capital growth through
capital preservation.
AMP's main goal is to outperform indices and
futures on the long run, through a series of systematic
approaches using common knowledge as technical
analysis. The application of different models
based on such information is aimed to reduce the
impact of market swings, mishaps, and imbalances
over time in a sustainable basis.
The relationship between client and Proforma
is strictly based on a LPOA (limited power-of-attorney)
fill-in, granting powers to trade. The client
has at any given time full control over his account
and can stop the relationship whenever he deems
appropriate.
Clients can monitor the status of their accounts
at any time, as they will be given a personal
username and password to access it. Real-time
reporting is also available.
As a non-regulated managed accounts program, only
performance fees will be charged to an account.
The fee is set to 25% of new net monthly highs
(higher water mark), ie, only when new equity
highs are seen the performance fee will be collected.
INVESTMENT STRATEGY
Environment
The Foreign Exchange (Forex) Market is very complex,
and it does represent the combined view of its
participants. Each market participant has their
own trading horizons, risk tolerances and profit
targets. As a result, there is no way to actually
simulate market behavior and thus predict it reliably
on consistent basis.
Trading Opportunities
AMP investment strategy seeks for opportunities
based on the combination of different strategies
based on different principles. The use of more
than just one strategy in trading the financial
markets is growing in popularity. The combination
of different timeframes, approaches, pairs being
traded etc. is needed in order to obtain a clear
perspective of the market from the short term
through the long term.
Staying Out of the Market
One more point in the AMP investment strategy
is the way to Staying Flat (out of the market)
during the rest of the time (i.e. when price action
is pretty random). That we believe is the secret
behind the consistency of any projected results
one may expect from the program.
Statistical Trading Parameters to Consider
The AMP standard risk parameters employ up to
2:1 leverage per each trade with max combined
leverage up to a range of between 6:1-10:1. The
maximum equity risk is up to a range of a low
band in the 30% and the high band in the 50%.
Every position taken separately in the same pair
is considered as a unique trade and is treated.
Individually
Trading horizon is anywhere from less than a day
up to N days. Average number of trades per month
varies significantly, depending on market conditions,
so no clean representation can be made on the
figures.
As for the currencies being traded, AMP setups
tend to follow the most liquid currency pairs.
No representation is made that current performance,
market conditions or trading strategies will continue
in the future.
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